Hyundai enters the luxury market with the 2012 Azera

has been named Luxury Marketer of the Year, the most prestigious award in luxury marketing.
The New York-based lifestyle brand beat out runner-up Louis Vuitton and third-place finisher Burberry for the top honor. They earned the award on the strength of an unparalleled multichannel strategy...

The Apple Watch, which officially goes on sale Friday, is a move by the Cupertino (California) tech company to position the brand in the upper echelon of luxury, competing not just against other gadgets but with high-end timepieces. The company is offering less expensive models made with...

Therefore it's not the slightest bit surprising that, given the success of the aforementioned collections, H&M is keen to make the most of the public interest and create a luxury brand.
"We are constantly looking at new ideas; it's a natural part of our work," Charlotta Nemlin, a...

In terms of purchasing power, foreign shoppers, especially Chinese tourists, have become a cornerstone of the Thai luxury market.
In data provided by Thailand's Department of Tourism, from January to August of this year, approximately 6.6 million tourists from China visited Thailand — more...

As the only place in China where betting is legal, moneyed mainlanders have flooded the city for the better part of a decade, producing double digit year-on-year growth and, with that, a sizeable market for luxury goods — but always as an afterthought.
The Macau shopping stereotype was...

The Issue
How can China's luxury market grow in a slowdown?
China faces a period of uncertainty due to a slowing economy and other destabilising forces in the market, such as over-distribution, currency fluctuations and a lack of global price alignment. The country's luxury market...

Their thriving business explains why around 80 percent of Chinese luxury shopping is done abroad.
"If we repatriate that daigou business in the official channels, it will boost the Chinese domestic luxury market," d'Arpizio said.
The luxury goods sector has suffered this year from several...

The potential consumer who had the aspiration to buy something luxurious can't do that any longer."
So while the luxury world's hopes for Brazil remain high, it's unlikely that there will be a flurry of new store openings any time soon, especially if the real numbers are any indication. In...